Pubs Advisory Service Ltd
  • Home
  • About Us
    • Ex-gratia / support
    • Patreon
  • Services
    • National Restrictions (Tiers) trigger new rent opportunity for Pubs
    • Pub Lease Comparison
    • Code Compliance Check
    • VOA redress service
    • Parallel Rent Assessment
    • Wastage and Sediment service
    • Business Plan Check Service
  • Resources
    • Covid-19
    • Pubs Code Adjudicator
    • Sales and Rent impact tool
    • Change of Rent
    • 45 Questions to ask a Pub Company
    • Trade jargon buster
    • Pub Leases
    • Rent Setting
    • Licensing
    • Scottish Tied Pubs
    • Section 25 Notice
    • Food Profit Training
    • PRS PPL Licensing dispute service
  • News
  • Contact
  • Register
  • Suppliers
    • Acorn Finance
    • Morgan & Clarke Chartered Surveyors
    • TP Legal Solicitors
    • Buying Group
    • Taking Payments
    • Utilities Contracts
    • Campaign For Pubs
  • Menu
  • Facebook
  • Twitter
  • Jargon Buster

    Common Abbreviations & Phrases

Learn common trade jargon and abbreviations

Over 30 Pubs trade abbreviations

This page will help you with understanding pub sector trade terms and common jargon.

If you are new to the trade you’ll need to know your FMT from your REO.

We understand here at Pubs Advisory Service that the pubs trade language and terms can be daunting. Use this short guide below to break down common abbreviations and pub trade jargon. Click on the links to read more about the terms in context.

  • BBPA – British Beer and Pub Association (Pubco trade body non-tenants).
  • BDM – Business Development Manager.
  • BEISCOMM – Business, Energy and Industrial Strategy Committee.
  • BII – British Institute of Innkeeping.
  • BRM – Business Relationship Manager.
  • CCO – Code Compliance Officer (Pubco employee responsible for overseeing pubs code compliance).
  • CTCU – Cellar Temperature Control Unit.
  • Dry Rent – The rent usually expressed in a yearly figure.
  • E&ID – External and Internal Decoration.
  • FAB – Flavoured Alcoholic Beverage.
  • FMOP – Fair Maintainable Operating Profit.
  • FMT – Fair Maintainable Trade/Turnover.
  • FRI – Full Repairing and Insuring.
  • IFBB – Independent Family Brewers of Britain.
  • L&T – Landlord & Tenant (usually refers to the L&T Act 1954).
  • LYMAT – Last Year Moving Annual Total.
  • NPBD – Net Profit before Divisible Balance.
  • PCA Arbitration – A statutory system of dispute resolution (sometimes called a referral).
  • PDM – Profit Development Manager.
  • POB – Pub Owning Business (a Pubco under the code).
  • PRA – Parallel Rent Assessment (method to ensure Pubs are no worse off).
  • Pubco – Pub Owning Company (includes brewing as well as non brewing companies).
  • Pubs Code – The statute and regulations that governs the “Big 6” pubcos.
  • Rent Assessment – usually refers to a contractual right to have a rent altered for the next 3 to 5 years, sometimes called rent review
  • Rent Proposal – usually refers to a new rent offer made at the renewal of a lease
  • REO – Reasonably Efficient Operator.
  • RICS – Royal Institution of Chartered Surveyors.
  • TYMAT – This Year Moving Annual Total.
  • VOA – Valuation Office Agency (they set the rateable value of pubs).
  • Wet Rent – The extra you pay on supply tied products above normal free of tie wholesale pricing.

#ukpubs #NoPubNoRent

Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share by Mail

Covid-19

  • Covid-19
  • Business Power Of Attorney
  • Covid-19 Insurance
  • Debt Template Letters
  • Furloughing Staff
  • Rent Free Period Request
  • MP Template Letter

Resources

  • 45 Questions to ask a Pub Company
  • Employment Law & Contracts
  • Trade jargon buster
  • Licensing
  • Pub Leases
  • Pub Rent Assessment Calculator – PRA version
  • Rent Setting
  • Scottish Tied Pubs
  • Section 25 Notice

Latest

  • VOA revaluation of rateable values April 22, 2021
  • Business Interruption Insurance Update April April 19, 2021
  • My employee has got another job during furlough and is not coming back. What should I do? April 15, 2021
  • Pub Customer App Service April 13, 2021
  • MRO must be with a Deed of Variation – Arbitration award April 1, 2021
  • Hop House 13 – A Bitter End? March 29, 2021
  • Distasteful MRO case March 26, 2021
  • Third Party Surveyors can be BDM’s March 24, 2021
  • Victory in Scottish Tied Pubs Bill March 23, 2021
  • Switch4Profit March Blog March 22, 2021

About Us

About PAS

Contact

Privacy Policy

Useful Links

Ex-Gratia – Support the service

Pubs Code Adjudicator (PCA)

BEIS-COMM (select committee)

 

Resources

Jargon Buster

45 Questions to ask a Pub Company

Connect

PAS on Twitter

PAS on Facebook

© Copyright - Pubs Advisory Service Ltd. Registered at Companies House 07963033.
  • Facebook
  • Twitter
  • Register / Login
Scroll to top